The American Freedom Network

Obama Daily Outrage, with a Side of Hope

March 25, 2009 – 5:31 pm

Dear Friends: Just when you thought our dear leader could not possibly find another way to sabotage the American economy, he drops another O-bomb. Today brings us this chestnut — a restructuring of the IRS.

President Barack Obama is putting former Federal Reserve Chairman Paul Volcker in charge of a tax-code review aimed at closing loopholes, streamlining the law and generating revenue, budget Director Peter Orszag said.

Volcker, 81, who heads the president’s Economic Recovery Advisory Board, is being asked to take a look at the laws in an effort to rebalance the tax system.

Orszag said the review, given a deadline of Dec. 4, is being ordered to make recommendations on steps to simplify the code, built over the last 96 years, in ways that would reduce tax evasion and what he called “corporate welfare.”

“There are hundreds of billions of dollars in uncollected taxes each year,” Orszag said in a conference call. The Volcker board “will be examining ways of being even more aggressive on reducing the tax gap.”

What could possibly go wrong? After all, his current plans have worked out swell!

A US Senator is supporting the dear leader’s grand vision of a USSA by drafting up plans for Pravda USA:

With many U.S. newspapers struggling to survive, a Democratic senator on Tuesday introduced a bill to help them by allowing newspaper companies to restructure as nonprofits with a variety of tax breaks.

“This may not be the optimal choice for some major newspapers or corporate media chains but it should be an option for many newspapers that are struggling to stay afloat,” said Senator Benjamin Cardin.

A Cardin spokesman said the bill had yet to attract any co-sponsors, but had sparked plenty of interest within the media, which has seen plunging revenues and many journalist layoffs.

Cardin’s Newspaper Revitalization Act would allow newspapers to operate as nonprofits for educational purposes under the U.S. tax code, giving them a similar status to public broadcasting companies.

And we all know how successfully balanced NPR and PBS are, politically. At least now, my money does not fund the tripe produced by the legacy media. If this plan goes through, that will not be the case.

The side of hope?

Daniel Hannan’s EU rant, taking British Prime Minister Gordon Brown to task for implementing many of the same policy concepts as Obama. The link is worth following for what it has to say about the role of the new media in spreading Hannan’s message.

Then, there is a friend of mine who is done with Hope and Change, and wants a little tea instead.